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Weekly Recap | Alibaba -2.03%, consensus target above spot
Weekly Review·- Alibaba stock fell 2.03 % this week to close at 109.11 dollars, underperforming the S & P 500 amid volatile trading and lower-than-median volume. - Key drivers included Alibaba Cloud turning a profit, AI commercialization progress, Fitch confirming an A rating, and preparations for the upcoming Singles Day shopping festival. - Forty-three analysts consensus-rated the stock as a strong buy with a target price of 186.11 dollars, representing about 70.6 % upside potential.